Announcement • May 08
Opus One Gold Corp Releases More Gold Assay Results from Its 2026 Winter Drilling Program on Noyell Opus One Gold Corp. released more assay results from the winter drilling program on its Noyell property located in the northern portion of the Abitibi greenstone belt, Quebec, Canada. Drill Holes NO-26-06, 11 and 13 were drilled to test a possible western extension for Zone 1 at a vertical depth ranging from 350 m to 500 m. Holes NO-26-11 and 13 suffered severe deviation and ended up close to each other. The targets were reached and identified in all three holes but overall, results indicate low to moderate gold grades along the western vector of mineralization. The best result was obtained in hole NO-26-11 which returned 2.29 g/t Au over 3.28 m (true width: 2.63 m). Drill holes NO-26-07 and 10a are infill holes in the center and eastern portion of Zone 1. Hole 7 was drilled along the main vector of mineralization of Zone 1 at a vertical depth of 480 m. Assay results confirmed the quality of the gold bearing structure in that eastern sector of Zone 1 returning 8.22 g/t Au over 8.5 m (true width: 7.16 m). That interval includes an assay of 49.1 g/t Au over 1.34 m. Hole NO-26-10a was drilled in the center of Zone 1, at a vertical depth of 400 m, in a sector that was interpreted to be of lesser potential than the previous hole. Nevertheless, this hole returned an interval grading 5.68 g/t Au over 1.3 m (true width of: 1.08 m). Overall, these results are consistent with Opus One’s 2025 interpretation of the deposit within the Zone 1 area. More drill results will be released in coming weeks as results are slowly being received by the company. So far, no results have been released for the West Zone as very few results have been received to date for that sector of the property where 5 holes were completed this winter. All core recovered is NQ size. All samples are described, labelled, cut (diamond saw) and bagged at Technominex’ facilities in Rouyn-Noranda. Samples are then shipped to AGAT certified Laboratory in Val D’or for preparation. Sample pulps are then shipped to various AGAT laboratories in Canada for analysis. Samples are assayed for gold using Fire Assay - Trace Au, ICP-OES finish (50g charge). All samples equal or above 10 g/t Au are submitted to ore grade gravimetric finish. Multi element analysis are performed using Aqua Regia Digest - Metals Package, ICP-OES finish. Opus One’s QAQC program consists of one control sample inserted, at Technominex’ facility, after 9 regular samples. Control samples consist of a certified blank and various gold grades certified material. An independent qualified person, Pierre O’Dowd P.Geo, has verified and approved the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure as required by section 3.1 and 3.2 of NI43-101. New Risk • Apr 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.5m free cash flow). Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (CA$21.7m market cap, or US$15.9m). Announcement • Apr 10
Opus One Gold Corp Releases First Assay Results From Winter Drilling Program On Noyell Opus One Gold Corp. announced the first assay results from the winter drilling program on its Noyell property located in the northern portion of the Abitibi greenstone belt, Quebec, Canada. Following excellent drill results in 2025, Opus One decided to aggressively continue definition drilling on its Zone 1 discovery and extend its exploration on the western portion of the property where the company never ventured before. A 14,000 m (27 holes, including 5 holes in the West Zone) was proposed for this program. Drilling on Noyell was initiated in mid-January. It started quite slowly with the drilling company being plagued by personnel and mechanical problems in addition to extreme winter conditions. The problems were eventually all resolved and drilling has been very productive for the last month with 4 rigs operating at full capacity. Three rigs are doing definition drilling on Zone 1 and one rig is dedicated to exploration of the West Zone located 3 km to the west of Zone 1 and where no drilling was previously performed by Opus One. The drilling program should reach 12,000 m out of the 14,000 m initially planned. Assay results are being received at a very slow pace, and they are exclusively from Zone 1 as drilling on the West Zone started later. Hole NO-26-01 was drilled near surface to test the possible extension of Zone 1 to the east of hole NO-25-18 (3.24 g/t Au over 5.5 m). Zone 1 returned 0.42 g/t Au over 2.43 m (true width: 2.03 m) confirming (as expected) that Zone 1 appears to weaken in that direction. Zone 2 was not reached. Hole NO-26-02 was drill close to the former but slightly deeper. Zone 1 returned 0.16 g/t Au over 5 m (true width: 4.44 m) confirming the same weakening of Zone 1 in that direction. Zone 2 gave 0.53 g/t Au over 2.0 m (true width: 1.77 m). Hole NO-26-03 had the same purpose as the first two holes but to the west of Zone 1 and close to surface as well. Zone 1 gave 1.11 g/t Au over 5.4 m (true width: 4.44 m) indicating that Zone 1 is still present although not as high grade as in its center. Zone 2 returned 0.38 g/t Au over 0.79 m (true width: 0.72 m). Hole NO-26-04 followed the same pattern but 125 m below the latter. Zone 1 returned 0.59 g/t Au over 3.01 m (true width: 2.51 m) and Zone 2 gave 0.76 g/t Au over 2.55 m (true width: 2.18 m). Finally, hole NO-26-05 is an in-fill hole drilled along the main steeply dipping ore shoot above hole NO-25-13 (4.10 g/Au over 7.1 m). It intersected Zone 1 at a vertical depth of 400 m and returned 2.64 g/t Au over 7.45 m (true width: 6.58 m). This result confirms that Zone 1 is still strong along the interpreted main ore shoot of Zone 1. Zone 2 returned 0.38 g/t Au over 3.74 m (true width: 3.36 m). It should be noted that, for all holes, silver grades are systematically low; equal or below gold grades. The four drill rigs, currently in operation, should be demobilized in the coming days as spring conditions settle on the Abitibi. The very harsh weather conditions experienced at the beginning of the winter (very cold and snowy) are now allowing us to continue the drilling well into the month of April which is quite uncommon. Opus One will now complete the program, compile the drilling data and refine its geological model for the mineralization observed in Zone 1. Preliminary observations on the West Zone indicate that we are dealing with a different geological environment. Contrary to Zone 1 which is totally (or almost) hosted in sediments, the west zone comprises volcanic, intrusive and sedimentary rocks. The style of mineralization is quite different from Zones 1 and 2 and it is, at this stage, difficult to establish if the mineralization there is at the same structural and/or stratigraphic levels as Zone 1 or 2. Sample preparation, analysis and QAQC program All core recovered is NQ size. All samples are described, labelled, cut (diamond saw) and bagged at Technominex’ facilities in Rouyn-Noranda. Samples are then shipped to AGAT certified Laboratory in Val D’or for preparation. Sample pulps are then shipped to various AGAT laboratories in Canada for analysis. Samples are assayed for gold using Fire Assay - Trace Au, ICP-OES finish (50g charge). All samples equal or above 10 g/t Au are submitted to ore grade gravimetric finish. Multi element analysis are performed using Aqua Regia Digest - Metals Package, ICP-OES finish. Opus One’s QAQC program consists of one control sample inserted, at Technominex’ facility, after 9 regular samples. Control samples consist of a certified blank and various gold grades certified material. An independent qualified person, Pierre O’Dowd P.Geo, has verified and approved the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure as required by section 3.1 and 3.2 of NI43-101. 
